logo
Future hinges on bridging Australia's digital skills gap

Future hinges on bridging Australia's digital skills gap

The Australian2 days ago
Australia's economic future hinges on the strength and adaptability of its digital workforce. As technology continues to reshape industries, services and the nature of work itself, demand for tech talent is surging – and fast.
To keep pace, we need to rethink how we attract, train and support the next generation of tech talent. Traditional career and education paths alone won't meet the scale or diversity of demand.
From Agentic and Generative AI (GenAI) to quantum computing and advanced robotics, emerging technologies are redefining how we work, and the capabilities businesses need to stay competitive.
Among these advances, GenAI, and now Agentic AI, stand out as the most transformative. Their rapid evolution and adoption are not only reshaping the tools we use, but the very nature of work.
A recent Mercer report found that nearly three-quarters of Australian organisations are already experimenting with AI tools, and more than a quarter are actively developing formal AI strategies, particularly within IT functions.
Yet from a skills perspective, many Australian organisations aren't prepared to make the most of AI. The Women in Tech report by RMIT Online and Deloitte Access Economics found that over a third of employers say their workforce either lacks or has outdated tech skills.
As future-facing technology adoption grows, so too does the need for a workforce that can guide, collaborate with, and govern AI responsibly.
To remain competitive in a digitally driven economy, organisations must go beyond building AI capabilities. They must invest in their people, equipping them with the skills, confidence and adaptability to thrive alongside AI, not be left behind by it.
Clearly, AI implementation is contributing to a sense of uncertainty and instability in some workplaces. According to Deloitte's 2025 Human Capital Trends report, 75 per cent of thousands of workers surveyed globally feel they need greater stability at work in the future.
As AI transforms how work gets done, the role of people leaders must evolve. Managing tasks and outputs is no longer enough. Leaders need to become coaches who help their teams navigate change and develop skills that have the greatest potential to create value for both the organisation and individual.
Tina McCreery is Chief Human Resources Officer at Deloitte Australia.
We also need more flexible and accessible entry points – especially for individuals from underrepresented or disadvantaged backgrounds. This includes women, who still represent just 30 per cent of the tech workforce.
The Women in Tech report identified more than 660,000 women in Australia who could reskill into technology roles in six months through short courses or on-the-job training, boosting their earning potential by more than $30,000 annually. Inclusive, targeted programs have the power to turn this potential into real progress.
One program helping lead the way is Deloitte's Digital Career Compass. Designed for people navigating life transitions or barriers to employment, the 12-week program equips participants with foundational tech training, industry-recognised certifications, business readiness skills and one-on-one mentoring. The goal isn't just to upskill, but to create genuine pathways into sustainable tech careers.
Katherine, 43, learned about the Digital Career Compass program just a year after a family event had left her in significantly diminished economic circumstances. Through the program, she learned to build foundational technology knowledge and received expert support to apply that knowledge to complete a Salesforce certification.
Upon completion, she was equipped not just with technical skills, but the confidence and business readiness to thrive. Though she initially applied for an entry-level role at Deloitte Australia, her performance and potential meant she progressed quickly, not only transforming her career but also bringing much needed talent, skills and capability.
Programs like this show what's possible when we empower people with the tools and the opportunity to succeed because as GenAI becomes embedded across industries, the demand for digitally fluent and adaptable talent will only accelerate.
Meeting this demand requires more than technical training. We need to continuously embed AI fluency across every level of the organisation. When employees feel confident using AI tools, they're more empowered to contribute, collaborate, and innovate.
Equally important is fostering a culture of experimentation where people are encouraged to explore AI hands-on. This builds the resilience, adaptability, and problem-solving mindset that future-fit organisations will depend on.
With bold thinking and collaborative action, we can close Australia's digital skills gap and build a workforce that's not only ready for what's next but equipped to shape it. While the challenge is urgent, the solution is within reach.
Tina McCreery is Chief Human Resources Officer at Deloitte Australia.
-
Disclaimer
This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.
Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ('DTTL'), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. Please see www.deloitte.com/au to learn more.
Copyright © 2025 Deloitte Development LLC. All rights reserved.
-
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Experts warn: Buyers about to strike as Reserve Bank cut looms
Experts warn: Buyers about to strike as Reserve Bank cut looms

Daily Telegraph

time34 minutes ago

  • Daily Telegraph

Experts warn: Buyers about to strike as Reserve Bank cut looms

Household savings have hit a record high, but a looming cash rate cut could wipe out the last of the 5 per cent savings deals. Fresh APRA data shows Australians added another $6.3bn to their bank balances in May, pushing total household deposits to $1.62 trillion. The figures come as buyers return to the housing market, encouraged by growing expectations of a July Reserve Bank rate cut and more favourable borrowing conditions. RELATED: Revealed: Bodybuilder's secret $7m+ Melb hide-out Five buyers fought over this Glen Iris gem Inside Wyndham's most wanted family home But high-interest savings accounts are disappearing fast. Just four banks are still offering ongoing rates of 5 per cent or more, according to Canstar. Two providers, BCU and P & N Bank, cut their highest rates from 5.00 to 4.90 per cent last week, reducing the number of 5 per cent products on the market. BOQ's Future Saver account has the highest ongoing rate at 5.10 per cent, but only for customers aged 14 to 35 who meet monthly deposit and spending conditions. Other top accounts with 5.00 per cent offers include ING, Westpac and MOVE Bank. Canstar insights director Sally Tindall said further rate cuts would likely bring the curtain down on high-yield savings options. 'Rates starting with a '5' are fast becoming an endangered species,' Ms Tindall said. 'If the RBA cuts next week, they could be extinct within days.' At the same time, banks are growing their mortgage books. CBA added almost $3bn in residential loans in May, the largest monthly increase among the major lenders. Over the past year, the bank's mortgage portfolio has grown by $34bn. NAB and ANZ also recorded solid growth in the month, up 0.5 and 0.6 per cent respectively. M R Advocacy director and co-founder of Scale Lending Mortgage brokers Madeleine Roberts said more clients were re-entering the market, often with full deposits. 'A lot of our buyers are coming to us with 20 per cent deposits,' Ms Roberts said. 'That shows real discipline, especially considering how expensive life is right now.' Ms Roberts said falling savings rates and the threat of rising prices had pushed many buyers to act. 'There's a real sense of urgency,' she said. 'Some buyers are desperate to get in before rates fall further. 'That's leading to more competition — and in some cases, overpaying.' She said younger buyers in particular were more willing to look at long-term strategies, but warned that rapid purchases could limit future capital growth. 'If you're buying at auction and paying top dollar, you need to think about a 10-year plan,' Ms Roberts said. 'Otherwise, it could take years to make that money back.' Buxton ACOM's Peter Serafino said enquiry levels at open homes had picked up since May. 'We're seeing more buyers and more interest, but not all of it is converting just yet,' Mr Serafino said. 'People who have been saving steadily are starting to feel like it's time to move.' Mr Serafino said move-in ready homes priced between $1m and $2m were performing strongest. 'Anything turnkey under $2m is still seeing solid competition,' he said. Mr Serafino added that falling rates would give many buyers more financial firepower. 'As borrowing power increases, so will prices, particularly if stock levels remain tight,' he said. The Buxton ACOM agent said. sellers, meanwhile, were becoming more realistic. 'A lot of our sellers have already bought, so they're more motivated and open to negotiation,' Mr Serafino said. 'Last year was more about investors cashing out. This year feels different.' With the Reserve Bank meeting due next Tuesday, analysts say the July decision could shape buyer sentiment into spring. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: James Packer's new deal at Melbourne supermarket site Inside 'Hospitality Yoda's luxe Melb home Tragic side of Aus housing crisis exposed

Major bank slashes interest rates
Major bank slashes interest rates

Daily Telegraph

time35 minutes ago

  • Daily Telegraph

Major bank slashes interest rates

One of the major banks has made a power move ahead of the next Reserve Bank meeting to decide the cash rate, introducing new offers to entice more mortgage applicants to fix their loans. ANZ this week announced it would be slashing 10-35 basis points off one to five-year fixed home loan rates, a move that has meant it offers the cheapest fixed rates among the 'big four'. It's come as lending data shows few customers are choosing to fix rates amid wide expectations of another cash rate cut in July, followed by subsequent cuts later this year. This means most of the homeowners on variable rates have the power to chase the best deals in the market by refinancing to different lenders. MORE: Homeowners told to brace for rate cut bombshell ANZ's cheapest fixed rates are now 5.29 per cent and 5.19 per cent for one-year and two-year fixed terms, respectively. The move has occurred after a range of smaller lenders earlier slashed their fixed rates to just under 5 per cent. This included Pacific Mortgage Group, which is offering 4.99 per cent for one-year fixed terms, while Easy Street is offering 4.95 per cent for two-year fixed loans, according to Mozo analysis. Variable rates for new customers currently average about 5.74 per cent. Mozo finance expert Rachel Wastell said ANZ's fixed rate offers were likely a 'strategic first-mover play'. 'ANZ is getting ahead of the curve to lock in borrowers who might be contemplating a fixed rate before the RBA acts,' she said. MORE: One in six unit projects now 'ghost' towers 'Inflation data has also shifted expectations and the market now sees rate cuts as more imminent, so ANZ could be capitalising on that shift before the RBA confirms direction. 'By slicing just enough to undercut the other majors, ANZ gets to look competitive without actually joining the below 5 per cent pack. So it could also be a positioning move, just as much as a pricing one.' Canstar data insights director Sally Tindall said ANZ was moving on the assumption more cash rate cuts were imminent. 'This move by ANZ consolidates its lead as the lowest-cost fixed rate lender out of the majors,' she said. 'The bank is factoring in the possibility of further cash rate cuts, which could be coming down the line as soon as next week.' Ms Tindall added that customers were rarely choosing fixed rates. 'ANZ could also be looking to shore up its loan book by locking in more customers on fixed rate deals,' she said. 'The bank's most recent half year results show that just 3 per cent of its residential mortgage book is on a fixed rate contract. 'This means the remaining 97 per cent on variable rates are free to move at any time without major penalties.' Ms Tindall said homeowners considering fixing their rates should keep some perspective. 'While ANZ's fixed rates are streaks ahead of the other big banks, particularly on shorter terms, they're still a far cry from the lowest fixed rates in town, with a total of 13 different lenders now offering at least one fixed rate under 5 per cent,' she said. 'If you're looking to lock in your rate, don't go aiming for one that starts with a 5 or a 6. You should be looking in the 4's.'

Deborah Knight to leave 2GB for full-time role at Nine News
Deborah Knight to leave 2GB for full-time role at Nine News

News.com.au

timean hour ago

  • News.com.au

Deborah Knight to leave 2GB for full-time role at Nine News

Deborah Knight is set to return to TV after quitting her top-rating show on 2GB. The Sydney-based journalist, 52, has been presenting Money News for the Nine-owned radio station since early last year, having replaced departing host Brooke Corte. In her full-time broadcast comeback, Knight will present the national 9News Morning bulletin at 11.30am weekdays, and will also helm 9News Afternoon in Sydney. Knight already hosts A Current Affair on Saturdays, which she will continue to do in her newly-expanded role. 'I'm incredibly excited to be stepping back into a full-time television role with 9News and Current Affairs. It's a fantastic opportunity to be part of the daily news cycle and connect with viewers during these important bulletins,' Knight said. 'I've thoroughly enjoyed my time in radio, particularly hosting Money News, and I'm grateful for the wonderful listeners who tuned in.' Knight will host her final Money News episode on July 3, with her replacement to be announced in coming weeks. Her appointment as a permanent host of 9News Mornings and on the afternoon bulletin in Sydney will give viewers a regular host, which has in recent months been shared by a revolving team of reporters including Kate Creedon, Sophie Walsh, Mark Burrows and Lizzie Pearl. Prior to her appointment as Money News host, Knight replaced Steve Price on 2GB's Afternoons from 2020 until 2023. Before that, she had an ill-fated stint as co-host of Nine Networks' Today show in 2019 alongside Georgie Gardner, in which she replaced Karl Stefanovic following his axing. The gig only lasted a year due to declining ratings, with Stefanovic making his triumphant return to Today in 2020 alongside Allison Langdon. Knight first joined the Nine Network in 2011, having begun her broadcast career at the ABC before later joining Network Ten as their US correspondent from 2001.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store